KOMPAS.com – hotel operator and casino Wynn Resorts will open a casino in a luxury resort in United Arab Emirates( UAE). This company is a casino financier based in Paradise, Nevada, United States of America.
Quoted from Reuters, Sunday (13/11/2022), this casino will be the first to be established in the Arabian Gulf region because so far gambling has been classified as an illegal activity and is prohibited religiously.
Wynn Resorts Chief Executive Craig Scott Billings said the presence of the first casino in the Gulf state was an important milestone, because so far the establishment of casinos and all gambling activities in the region is strictly prohibited.
Moreover, the Gulf region has been known to be more stringent in prohibiting gambling activities compared to Middle Eastern countries in other regions.
The emergence of gambling casinos in the UAE illustrates the tight competition among the countries of the Gulf region to become a center for business and tourism.
UAE become the most fierce competitor of Saudi Arabia which is also keen to open up its country for investment and tourism purposes.
Both the UAE and Saudi Arabia, are trying to develop the economy by diversifying, so they can escape from dependence on oil.
Wynn Resorts itself is one of the owners of the world’s largest casino network. They built big casinos in various parts of the world, such as in Macau and Las Vegas.
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In the UAE, Wynn Resort partners with Ras Al Khaimah, one of the emirates or rulers that are part of the seven founding members of the UAE. This emirate is ruled by Sheikh Saqr ibn Muhammad al-Qasimi.
Compared to other emirates, Ras Al Khaimah is arguably less well known. This is because economic development is far behind compared to the two largest emirates of the UAE, Dubai and Abu Dhabi.
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